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1130825

	registered interest
	date	10/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensioners: Social Security Benefits
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what are (1) the benefits, and (2) the concessions, provided exclusively to people of pensionable age; and what are the costs of each to the Exchequer.
	tabling member printed	Lord Forsyth of Drumlean
	uin	HL16192
	answer	answer is ministerial correction date of answer 24/06/2019 answer text <p>In total, DWP expenditure to people of pensionable age in 2017/18 was £123.8bn and this includes benefits payable to pensioners but not exclusive to that group such as: Disability Living Allowance; Personal Independence Payment; Christmas Bonus; and Cold Weather Payments. Exclusive pensioner benefits are listed below :</p><p> </p><table><tbody><tr><td colspan="2"><p>Pensioner benefit expenditure 2017/18</p></td></tr><tr><td><p>Attendance Allowance</p></td><td><p>£5.74bn</p></td></tr><tr><td><p>Pension Credit</p></td><td><p>£5.57bn</p></td></tr><tr><td><p>State Pension (bSP and nSP combined)</p></td><td><p>£97.38bn</p></td></tr><tr><td><p>Winter Fuel Payments</p></td><td><p>£2.1bn</p></td></tr><tr><td><p>Free TV Licences</p></td><td><p>£655m</p></td></tr></tbody></table><p> </p><p> </p> answering member printed Lord Young of Cookham question first answered 24/06/2019 13:57:04 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1141 label Biography information for Lord Forsyth of Drumlean

1130844

	registered interest
	date	10/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	GAM Greensill Supply Chain Finance Fund
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they are investigating, or intend to investigate, the (1) management of, (2) investment valuations used by, and (3) relationships between managers and businesses invested in, the GAM Greensill Supply Chain Finance Fund.
	tabling member printed	Lord Myners
	uin	HL16211
	answer	answer is ministerial correction date of answer 24/06/2019 answer text <p>The Financial Conduct Authority (FCA) is the conduct regulator for the financial services industry in the UK. The FCA will not normally make public the fact that it is or is not investigating a particular matter, in order to protect the effectiveness of any investigation it carries out. The FCA has been made aware of this Parliamentary Question.</p> answering member printed Lord Young of Cookham question first answered 24/06/2019 13:56:34 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1130845

	registered interest
	date	10/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Lendy
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether, when authorising Lendy, the Financial Conduct Authority (FCA) considered the company to be (1) an agent, or (2) a principal, in the relationship between the lender or borrower; or whether the FCA took no view on this matter.
	tabling member printed	Lord Myners
	uin	HL16212
	answer	answer is ministerial correction date of answer 24/06/2019 answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to Lord Myners by letter. A copy of the letter will be placed in the Library of the House.</p> answering member printed Lord Young of Cookham question first answered 24/06/2019 13:56:52 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1131477

	registered interest
	date	11/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what discussions they have had with the Financial Conduct Authority about establishing an independent review into the (1) role of corporate directors of open-ended investment funds, (2) limitations placed on unlisted and illiquid investments in such funds, and (3) systemic risks arising from daily dealing in the units of investment funds.
	tabling member printed	Lord Myners
	uin	HL16271
	answer	answer is ministerial correction date of answer 24/06/2019 answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to Lord Myners by letter. A copy of the letter will be placed in the Library of the House.</p> answering member printed Lord Young of Cookham question first answered 24/06/2019 15:31:06 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1131478

	registered interest
	date	11/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of any (1) systemic risk arising from open-ended investment funds investing in leveraged sub-investment grade bonds and debt issues by developing world nations denominated in G7 currencies, and (2) risks arising from such maturity transformation.
	tabling member printed	Lord Myners
	uin	HL16272
	answer	answer is ministerial correction date of answer 24/06/2019 answer text <p>The question has been passed to the Bank of England. The Bank of England will reply directly to Lord Myners by letter. A copy of the letter will be placed in the Library of the House.</p> answering member printed Lord Young of Cookham question first answered 24/06/2019 15:30:53 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1131480

	registered interest
	date	11/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Personal Income
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government further to the Written Answer by Lord Young of Cookham on 21 May (HL15607), whether the figures given for total take-home pay, child benefit and tax credits for a family of two adults, one of whom is aged 25 or over and works 35 hours per week and receives the National Minimum Wage or National Living Wage, were adjusted for inflation to allow for accurate comparisons between years; and if not, whether they will provide such figures.
	tabling member printed	Baroness Primarolo
	uin	HL16274
	answer	answer is ministerial correction date of answer 25/06/2019 answer text <p>The figures in HL15607 were shown in cash terms. The table below shows the same table in April 2019 prices, adjusted using the Consumer Prices Index and rounded to the nearest £5.</p><p> </p><p>Table 1: Total take-home pay, Child Benefit, and tax credits in April 2019 prices for a family with two adults, one of whom is aged 25 or over and works 35 hours per week and receives the National Minimum Wage or National Living Wage</p><p> </p><table><tbody><tr><td><p>Year</p></td><td><p>£ per annum</p></td></tr><tr><td><p>2010-11</p></td><td><p>20,275</p></td></tr><tr><td><p>2011-12</p></td><td><p>20,150</p></td></tr><tr><td><p>2012-13</p></td><td><p>19,970</p></td></tr><tr><td><p>2013-14</p></td><td><p>19,925</p></td></tr><tr><td><p>2014-15</p></td><td><p>19,885</p></td></tr><tr><td><p>2015-16</p></td><td><p>20,290</p></td></tr><tr><td><p>2016-17</p></td><td><p>20,670</p></td></tr><tr><td><p>2017-18</p></td><td><p>20,400</p></td></tr><tr><td><p>2018-19</p></td><td><p>20,185</p></td></tr><tr><td><p>2019-20</p></td><td><p>20,135</p></td></tr></tbody></table><p> </p><p>The table above is true for a family with a particular set of circumstances. On average real household disposable income per person is 6.7% higher than at the start of 2010 – meaning people have more money to spend than they did in 2010. Since unemployment has fallen 48% since 2010, families are also significantly more likely to have at least one person in work now than in 2010.</p><p> </p><p>The government has introduced policies to increase take home pay since 2010 including;</p><p> </p><ul><li><p>Increasing the Work Allowance in Universal Credit by £1000 from April 2019. This would provide up to an additional £630 per year for households with children and for people with disabilities;</p><p> </p></li><li><p>Doubling the amount of free childcare available to working parents of 3 and 4 year olds, saving families using the full 30 hours around £5,000 per year. This is in combination with increasing the amount that working families can claim back in childcare to 85% of their registered childcare costs each month under UC, compared to 70% on the legacy system. For families with two children this could be worth up to £13,000 a year;</p></li></ul><p> </p><ul><li><p>Increasing the Marriage Allowance from £1,190 in 2018-19 to £1,250 in 2019-20. The benefit is therefore worth up to £250 in 2019-20. It will continue to increase each time the Personal Allowance is increased.</p></li></ul> answering member printed Lord Young of Cookham question first answered 25/06/2019 12:56:09 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	217 label Biography information for Baroness Primarolo

1131487

	registered interest
	date	11/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Money Laundering
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what progress they have made in addressing the findings of the report by the Office for Professional Body AML Supervision (OPBAS) Anti-Money Laundering Supervision by the Legal and Accountancy Professional Body Supervisors: Themes from the 2018 OPBAS anti-money laundering supervisory assessments; and what areas they have identified as key for OPBAS’s supervisory plans for 2019.
	tabling member printed	Baroness Stern
	uin	HL16281
	answer	answer is ministerial correction date of answer 24/06/2019 answer text <p>In response to the recommendation from the Treasury Select Committee following its recent Inquiry into Economic Crime, HM Treasury will publish a detailed consideration of the process for responding to a recommendation from the Office for Professional Body Anti-Money Laundering Supervision (OPBAS) for the removal of a professional body’s status as an anti-money laundering (AML) supervisor, including management of changes in supervisory responsibilities, by September 2019. The next steps in strengthening the UK’s approach to AML supervision will be set out more fully through an Economic Crime Plan, which is due to be published in July 2019. <br> <br> This question has also been passed on to the Financial Conduct Authority (FCA), within which OPBAS is housed. The FCA will reply directly to Baroness Stern by letter. A copy of the letter will be placed in the Library of the House.</p> answering member printed Lord Young of Cookham question first answered 24/06/2019 15:31:25 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	2475 label Biography information for Baroness Stern

1132189

	registered interest
	date	13/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Workplace Pensions
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they are taking to ensure that independent governance committees (IGCs) monitor and provide effective oversight of the suitability of all the retail fund choices available to pension scheme members through the firm which an IGC oversees.
	tabling member printed	Baroness Drake
	uin	HL16350
	answer	answer is ministerial correction date of answer 26/06/2019 answer text The Financial Conduct Authority (FCA) introduced rules in 2015 to require contract-based pension providers to set up independent governance committees (IGCs) to address poor consumer outcomes. IGCs have a duty to scrutinise the value for money of the provider’s workplace personal pension schemes, taking into account transaction costs, raising concerns and making recommendations to the provider’s board as appropriate. IGCs have a duty to assess whether all the investment choices available, including default options, are suitable for the interests of consumers.<p><strong> </strong></p>In 2016, the FCA reviewed IGCs and found that they were “generally effective” in influencing and advancing cost reductions for members. The FCA has announced that it will undertake a further review of IGCs in 2019/20. answering member printed Lord Young of Cookham question first answered 26/06/2019 16:50:19 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4155 label Biography information for Baroness Drake

1132306

	registered interest
	date	14/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Families: Disadvantaged
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what funding they plan to provide to departments other than the Department for Work and Pensions for the purpose of reducing parental conflict in (1) in 2019–20, and (2) over the next five years.
	tabling member printed	Lord Farmer
	uin	HL16375
	answer	answer is ministerial correction date of answer 25/06/2019 answer text <p>In addition to DWP’s £39m Reducing Parental Conflict programme, the government provides funding to other departments that can contribute to a reduction in parental conflict, including a £6m joint DHSC/DWP package of measures to support children living with alcohol-dependent parents, the Public Health Grant to local authorities (£3.13bn in 2019/20) to funds public health services, such as treatment, prevention and reducing harm from alcohol and drug misuse in adults, and the MHCLG led Troubled Families programme (£200m in 2019/20).</p><p> </p><p>Alongside this, over the course of this Parliament, the Government is spending £100 million to support victims and survivors of violence against women and girls.</p><p> </p><p>Decisions on future funding for reducing parental conflict will be made in the round at the next Spending Review.</p> answering member printed Lord Young of Cookham question first answered 25/06/2019 12:56:41 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4321 label Biography information for Lord Farmer

1133033

	registered interest
	date	18/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Exchange Rates
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the reasons for (1) sterling losing nearly five per cent of its value against the US dollar since the beginning of May this year, and (2) other major currencies holding their value over the same period.
	tabling member printed	Lord Birt
	uin	HL16451
	answer	answer is ministerial correction date of answer 25/06/2019 answer text <p>The government does not comment on movements in financial markets. It is also important to note that the UK does not have an exchange rate target. Instead the UK’s macroeconomic framework is based on an inflation target, and it is for the independent Monetary Policy Committee to set monetary policy to meet this target.</p><p> </p> answering member printed Lord Young of Cookham question first answered 25/06/2019 12:56:57 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	2533 label Biography information for Lord Birt